Pivot: 100.00
Our Preference: As long as 100 is resistance, look for choppy price action with a bearish bias.
Alternative Scenario: Above 100 eye a bounce towards 104.3 and 112.25 in extension.
Comment: the price is capped by a negative trend line drawn from the top in August. The 50-day moving averages is heading downward, turning into area of resistance.
Trend: ST Ltd downside; MT Range, we have been neutral since 2 OCT 2013 (101.5).
Key levels Comment
112.25 Horizontal resistance
104.3 Horizontal resistance
100 Pivot point
97.23 Last
91.7 Horizontal support
89.35 Horizontal support
85.7 Horizontal support
Copyright 1999 – 2013 TRADING CENTRAL